3 dispatches
The University of California's investment arm purchased the oceanfront Ritz-Carlton Half Moon Bay for $193 million—a reminder that top universities are essentially sovereign-scale investment funds with an educational front.
One of the core assumptions of modern financial planning and finance is that stocks have better returns over the long-run than bonds. The reason “seems” obvious: stocks are riskier. There is, after all, a greater chance of going to zero since bond investors come before stock investors in a legal line to get paid out after a company fails.
2020 has seen the greatest market volatility in history for American stocks. The roller-coaster ride investors have experienced over the last 6 months included a steep ~33% single-month drop followed by a four-month bull market run taking the S&P500 back roughly to where it started. While not usually so dramatic, volatility is a fact of life for investors.